LHYAX | High Yield Fund Class A | Lord Abbett

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High Yield Fund

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Daily price w/o sales charge as of 09/13/2024

$6.44

arrowUp$0.01

YTD Returns w/o sales charge as of 09/13/2024

7.12%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.
 

A HERITAGE OF HIGH YIELD

Brings a 40+ year history of high-yield investing, focused on fundamental, bottom-up credit research.

AN OPPORTUNISTIC APPROACH

Provides the flexibility to adjust to the market environment and take advantage of opportunities across the credit spectrum.

STRONG TRACK RECORD

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core high-yield holding over a full market cycle.

Yield

Average Yield to Maturity as of 08/30/2024

7.92%

30-Day Standardized Yield 1 as of 08/31/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 6.58% 6.57%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

Fund Basicsas of 08/30/2024

Total Net Assets
$3.62 B
Inception Date
12/31/1998
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.92%
Fund Net Expense Ratio
0.92%
Number of Holdings
692
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 6.51% 12.20% 0.68% 2.98% 3.90% 6.04%
Lipper Category Avg. High Yield Funds 6.03% 11.56% 2.19% 3.92% 3.83% -
ICE BofA U.S. High Yield Constrained Index 6.34% 12.55% 2.60% 4.29% 4.57% 6.32%
w/ sales charge 4.05% 9.70% -0.07% 2.52% 3.67% 5.95%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 3.12% 9.67% -0.19% 2.36% 3.57% 5.95%
Lipper Category Avg. High Yield Funds 2.78% 9.92% 1.37% 3.44% 3.51% -
ICE BofA U.S. High Yield Constrained Index 2.65% 10.53% 1.70% 3.75% 4.22% 6.21%
w/ sales charge 0.73% 7.23% -0.93% 1.90% 3.33% 5.86%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Type Assets
High Yield Bonds
Bank Loans
Equity
Investment Grade Bonds
Convertibles
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Allocations are reported as of the date a security transaction is initiated; however, certain transactions may not settle until several days later. Accordingly, cash may appear as a negative allocation as a result of unsettled transactions.

Maturity Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 08/30/2024 View Portfolio

Rating Assets
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

23 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

33 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Partner, Deputy Director of Leveraged Credit

16 Years of Industry Experience

Supported By 64 Investment Professionals with 14 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 08/30/2024

7.92%

30-Day Standardized Yield 1 as of 08/31/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 6.58% 6.57%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 6.51% 12.20% 0.68% 2.98% 3.90% 6.04%
Lipper Category Avg. High Yield Funds 6.03% 11.56% 2.19% 3.92% 3.83% -
ICE BofA U.S. High Yield Constrained Index 6.34% 12.55% 2.60% 4.29% 4.57% 6.32%
w/ sales charge 4.05% 9.70% -0.07% 2.52% 3.67% 5.95%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 3.12% 9.67% -0.19% 2.36% 3.57% 5.95%
Lipper Category Avg. High Yield Funds 2.78% 9.92% 1.37% 3.44% 3.51% -
ICE BofA U.S. High Yield Constrained Index 2.65% 10.53% 1.70% 3.75% 4.22% 6.21%
w/ sales charge 0.73% 7.23% -0.93% 1.90% 3.33% 5.86%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Year Fund Returns ICE BofA U.S. High Yield Constrained Index
2023 10.46% 13.55%
2022 -13.75% -11.16%
2021 6.15% 5.35%
2020 4.49% 6.07%
2019 15.07% 14.41%
2018 -5.15% -2.27%
2017 8.50% 7.48%
2016 15.84% 17.49%
2015 -2.26% -4.61%
2014 3.46% 2.51%
2013 9.69% -
2012 16.50% -
2011 3.15% -
2010 14.31% -
2009 50.51% -
2008 -23.42% -
2007 2.43% -
2006 9.94% -
2005 1.15% -
2004 10.42% -
Year Q1 Q2 Q3 Q4
2024 1.89% 1.21% - -
2023 2.69% 1.15% -0.44% 6.82%
2022 -5.43% -10.72% -1.48% 3.69%
2021 1.73% 3.11% 0.63% 0.57%
2020 -16.65% 10.72% 5.69% 7.13%
2019 7.50% 3.77% 0.28% 2.86%
2018 -1.07% -0.04% 2.54% -6.47%
2017 2.82% 1.98% 2.45% 1.00%
2016 2.01% 5.52% 5.46% 2.05%
2015 3.05% 0.86% -4.23% -1.81%
2014 2.92% 3.38% -1.83% -0.95%
2013 3.97% -1.03% 2.51% 3.99%
2012 6.63% 0.36% 5.06% 3.61%
2011 3.82% 1.07% -7.02% 5.73%
2010 4.93% -0.92% 6.33% 3.40%
2009 5.95% 17.32% 14.23% 6.01%
2008 -3.43% 1.99% -7.81% -15.68%
2007 2.98% 0.17% 0.48% -1.17%
2006 2.57% 0.01% 2.80% 4.27%
2005 -1.74% 1.49% 0.87% 0.56%
2004 1.07% -0.32% 4.34% 5.04%
2003 4.06% 8.25% 2.40% 5.41%
2002 1.51% -3.59% -3.78% 6.10%
2001 5.14% -1.67% -3.99% 6.15%
2000 -1.66% 0.99% 0.31% -2.65%
1999 3.43% -0.11% -0.81% 3.99%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 08/31/2024

The chart begins on the Fund's inception date of 12/31/1998.

Based on a hypothetical Class A share investment of $10,000 on 12/31/1998 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
High Yield Bonds
Bank Loans
Equity
Investment Grade Bonds
Convertibles
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Allocations are reported as of the date a security transaction is initiated; however, certain transactions may not settle until several days later. Accordingly, cash may appear as a negative allocation as a result of unsettled transactions.

Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 08/30/2024

Rating Assets
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioning as of 06/30/2024

  • We increased the Fund’s allocation in BB credits while reducing CCCs. We continue to be generally constructive on the U.S. economy, which should be supportive for credit risk. However, we remain wary of companies in sectors that may be susceptible to credit events as interest rates have been higher for longer. We increased the Fund’s exposure to BBs towards the latter end of the quarter as a reflection of economic data that was softer than expected. We also trimmed the Fund’s overweight to CCCs and lower-rated single-Bs that we believed would be more sensitive to a slowdown in economic activity. That being said, the Fund remains overweight CCCs and underweight BBs, albeit at more modest levels.
  • We favor cyclical sector exposure, specifically overweight allocations to Basic Industry and Energy sectors. Despite softer economic data, we remained constructive in cyclical sectors such as Basic Industry and Energy as a result of improved credit quality and stickier inflation. We also continue to view the opportunity for increased merger & acquisition activity as an added potential tailwind for these sectors. Within Basic Industry, primary overweights continued to be Metals and Mining and Chemicals, which have benefited from meaningful destocking of inventories over the last several months. Within Energy, we remain focused on E&P and Oil Field Services subsectors, but with a shift in focus towards offshore energy as an attractive opportunity to find relative value. The Fund also continues to be overweight the Capital Goods and Transportation sectors. Conversely, the Fund finished the quarter underweight the Media, Real Estate and Services sectors, which have struggled amid the current higher-for-longer interest rate environment.
  • The Fund maintained modest exposure to off-benchmark sectors. We generally believe that select exposures to non-high yield sectors can offer attractive risk-reward opportunities, potential portfolio diversification benefits, and avenues for liquidity. While the Fund has the flexibility to toggle allocations to off-benchmark asset classes, such as bank loans and convertible bonds, we continue to view traditional high yield corporate bonds as a better source of relative value compared to other sectors.
  • We continue to view high yield as an opportunity to generate high levels of carry. We remain constructive in high yield credit considering the overall health of the U.S. economy, relatively open capital markets and benign default rate outlook. Additionally, fundamentals for high yield issuers have been robust with leverage and interest rate coverage remaining at supportive levels. However, we acknowledge that the presence of higher policy rates for longer may lead to headwinds for certain high yield bond issuers, highlighting the importance of sound credit selection within the portfolio. Looking towards the second half of the year, we remain focused on maintaining a cyclical approach in the portfolio with emphasis on commodities, consumer cyclicals, and sectors with supportive underlying asset valuation that could allow for ongoing addressing of near-term maturities. However, we look to be more dynamic with our positioning given the potential for market fluctuations in response to some of the softer than expected macroeconomic data of late, including segments of rising consumer stress.

Portfolio Details as of 08/30/2024

Total Net Assets
$3.62 B
Average Effective Duration
3.46 Years
Average Maturity
5.1 Years
Number of Issues
692
Average Yield to Maturity
7.92%

To view definitions for the above Portfolio Details, Click here.

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
Vistra Operations Co LLC 7.750% 10/15/2031 0.6%
Frontier Communications Holdings LLC 6.000% 01/15/2030 0.6%
CCO Holdings LLC / CCO Holdings Capital Corp 4.500% 08/15/2030 0.6%
Cloud Software Group Inc 9.000% 09/30/2029 0.5%
DaVita Inc 4.625% 06/01/2030 0.5%
American Airlines Inc 7.250% 02/15/2028 0.5%
Venture Global LNG Inc 9.500% 02/01/2029 0.5%
CCO Holdings LLC / CCO Holdings Capital Corp 4.750% 03/01/2030 0.4%
EMRLD Borrower LP / Emerald Co-Issuer Inc 6.625% 12/15/2030 0.4%
CHS/Community Health Systems Inc 6.125% 04/01/2030 0.4%
% of Total Assets 5.0%
Holding Coupon Maturity Assets
Vistra Operations Co LLC7.750% 10/15/20310.6%
Frontier Communications Holdings LLC6.000% 01/15/20300.6%
CCO Holdings LLC / CCO Holdings Capital Corp4.500% 08/15/20300.6%
Cloud Software Group Inc9.000% 09/30/20290.5%
J P MORGAN SECURITIES INC0.010% 08/01/20240.5%
DaVita Inc4.625% 06/01/20300.5%
American Airlines Inc7.250% 02/15/20280.5%
Venture Global LNG Inc9.500% 02/01/20290.5%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.4%
EMRLD Borrower LP / Emerald Co-Issuer Inc6.625% 12/15/20300.4%
CHS/Community Health Systems Inc6.125% 04/01/20300.4%
SunCoke Energy Inc4.875% 06/30/20290.4%
Carnival Corp6.000% 05/01/20290.4%
Genting New York LLC / GENNY Capital Inc3.300% 02/15/20260.4%
Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl4.625% 06/01/20280.4%
Iron Mountain Inc5.625% 07/15/20320.4%
CHS/Community Health Systems Inc5.250% 05/15/20300.4%
Cloud Software Group Inc6.500% 03/31/20290.4%
CCO Holdings LLC / CCO Holdings Capital Corp5.000% 02/01/20280.4%
Virgin Media Secured Finance PLC5.500% 05/15/20290.4%
Nationstar Mortgage Holdings Inc7.125% 02/01/20320.4%
Altice France SA5.125% 07/15/20290.4%
United Airlines Inc4.625% 04/15/20290.4%
DISH Network Corp11.750% 11/15/20270.3%
Loarre Investments Sarl6.500% 05/15/20290.3%
Rain Carbon Inc12.250% 09/01/20290.3%
Inter Media and Communication SpA6.750% 02/09/20270.3%
Jane Street Group / JSG Finance Inc7.125% 04/30/20310.3%
NOVA Chemicals Corp9.000% 02/15/20300.3%
Coinbase Global Inc3.375% 10/01/20280.3%
City Football Group Ltd8.283% 07/22/20300.3%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.500% 03/15/20290.3%
PetSmart Inc / PetSmart Finance Corp4.750% 02/15/20280.3%
Rand Parent LLC8.500% 02/15/20300.3%
VZ Secured Financing BV5.000% 01/15/20320.3%
Hecla Mining Co7.250% 02/15/20280.3%
Berry Petroleum Co LLC7.000% 02/15/20260.3%
First Quantum Minerals Ltd8.625% 06/01/20310.3%
EquipmentShare.com Inc9.000% 05/15/20280.3%
Oceaneering International Inc6.000% 02/01/20280.3%
Gulfport Energy Corp8.000% 05/17/20260.3%
Organon & Co / Organon Foreign Debt Co-Issuer BV7.875% 05/15/20340.3%
MEG Energy Corp5.875% 02/01/20290.3%
Hilcorp Energy I LP / Hilcorp Finance Co6.000% 02/01/20310.3%
Altice France SA8.125% 02/01/20270.3%
Univision Communications Inc7.375% 06/30/20300.3%
Virgin Media Finance PLC5.000% 07/15/20300.3%
ATI Inc5.125% 10/01/20310.3%
FMG Resources August 2006 Pty Ltd6.125% 04/15/20320.3%
CSC Holdings LLC11.250% 05/15/20280.3%
PennyMac Financial Services Inc5.750% 09/15/20310.3%
Navient Corp11.500% 03/15/20310.3%
Transocean Inc6.800% 03/15/20380.3%
Transocean Inc7.500% 04/15/20310.3%
McAfee Corp7.375% 02/15/20300.3%
TGNR Intermediate Holdings LLC5.500% 10/15/20290.3%
Viking Cruises Ltd9.125% 07/15/20310.3%
Bombardier Inc7.250% 07/01/20310.3%
LGI Homes Inc8.750% 12/15/20280.3%
Synchrony Financial7.250% 02/02/20330.3%
Staples Inc10.750% 09/01/20290.3%
OneMain Finance Corp7.500% 05/15/20310.3%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.3%
Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp4.875% 05/01/20290.2%
Arsenal AIC Parent LLC8.000% 10/01/20300.2%
Bausch + Lomb Corp8.375% 10/01/20280.2%
Helix Energy Solutions Group Inc9.750% 03/01/20290.2%
Saturn Oil & Gas Inc9.625% 06/15/20290.2%
Alloy Finco Ltd0.500% 03/06/20250.2%
LifePoint Health Inc5.375% 01/15/20290.2%
Carvana Co13.000% 06/01/20300.2%
Comstock Resources Inc5.875% 01/15/20300.2%
NRG Energy Inc10.250% 09/15/21720.2%
Carvana Co12.000% 12/01/20280.2%
Builders FirstSource Inc6.375% 06/15/20320.2%
CNX Resources Corp6.000% 01/15/20290.2%
EQM Midstream Partners LP7.500% 06/01/20300.2%
Frontier Communications Holdings LLC5.875% 10/15/20270.2%
OneMain Finance Corp9.000% 01/15/20290.2%
Permian Resources Operating LLC9.875% 07/15/20310.2%
Coeur Mining Inc5.125% 02/15/20290.2%
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp7.125% 02/15/20310.2%
MIWD Holdco II LLC / MIWD Finance Corp5.500% 02/01/20300.2%
Venture Global LNG Inc8.375% 06/01/20310.2%
Gray Television Inc7.000% 05/15/20270.2%
LifePoint Health Inc10.000% 06/01/20320.2%
SK Invictus Intermediate II Sarl5.000% 10/30/20290.2%
Freedom Mortgage Corp12.000% 10/01/20280.2%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd11.000% 04/15/20290.2%
Macy's Retail Holdings LLC5.875% 04/01/20290.2%
CNX Midstream Partners LP4.750% 04/15/20300.2%
Venture Global LNG Inc8.125% 06/01/20280.2%
Petroleos Mexicanos10.000% 02/07/20330.2%
Shelf Drilling Holdings Ltd9.625% 04/15/20290.2%
Southwestern Energy Co5.375% 02/01/20290.2%
ASP Unifrax Holdings Inc5.250% 09/30/20280.2%
Calpine Corp5.000% 02/01/20310.2%
Empire Resorts Inc7.750% 11/01/20260.2%
Coronado Finance Pty Ltd10.750% 05/15/20260.2%
Talen Energy Supply LLC8.625% 06/01/20300.2%
Vital Energy Inc7.750% 07/31/20290.2%
Limak Iskenderun Uluslararasi Liman Isletmeciligi AS9.500% 07/10/20360.2%
Port of Newcastle Investments Financing Pty Ltd5.900% 11/24/20310.2%
Valaris Ltd8.375% 04/30/20300.2%
Pan American Energy LLC/Argentina8.500% 04/30/20320.2%
Bombardier Inc7.000% 06/01/20320.2%
Cerdia Finanz GmbH10.500% 02/15/20270.2%
Wynn Macau Ltd5.500% 10/01/20270.2%
Ardonagh Group Finance Ltd8.875% 02/15/20320.2%
MC Brazil Downstream Trading SARL7.250% 06/30/20310.2%
United States Steel Corp6.650% 06/01/20370.2%
Diamond Foreign Asset Co / Diamond Finance LLC8.500% 10/01/20300.2%
Mauser Packaging Solutions Holding Co9.250% 04/15/20270.2%
Brink's Co/The6.750% 06/15/20320.2%
Benteler International AG10.500% 05/15/20280.2%
Fortress Transportation and Infrastructure Investors LLC7.875% 12/01/20300.2%
Intesa Sanpaolo SpA4.198% 06/01/20320.2%
Trulieve Cannabis Corp8.000% 10/06/20260.2%
Resideo Funding Inc4.000% 09/01/20290.2%
Rakuten Group Inc9.750% 04/15/20290.2%
McGraw-Hill Education Inc5.750% 08/01/20280.2%
ZF North America Capital Inc7.125% 04/14/20300.2%
Outfront Media Capital LLC / Outfront Media Capital Corp7.375% 02/15/20310.2%
Global Partners LP / GLP Finance Corp8.250% 01/15/20320.2%
Miller Homes Group Finco PLC7.000% 05/15/20290.2%
Summer BC Holdco A Sarl9.250% 10/31/20270.2%
Coherent Corp5.000% 12/15/20290.2%
Park-Ohio Industries Inc6.625% 04/15/20270.2%
BellRing Brands Inc7.000% 03/15/20300.2%
Curaleaf Holdings Inc8.000% 12/15/20260.2%
Antero Midstream Partners LP / Antero Midstream Finance Corp5.375% 06/15/20290.2%
Seaspan Corp5.500% 08/01/20290.2%
Heartland Dental LLC / Heartland Dental Finance Corp10.500% 04/30/20280.2%
VF Ukraine PAT via VFU Funding PLC6.200% 02/11/20250.2%
Cleveland-Cliffs Inc7.000% 03/15/20320.2%
Grinding Media Inc9.569% 10/12/20280.2%
NGL Energy Operating LLC / NGL Energy Finance Corp8.375% 02/15/20320.2%
Buckeye Partners LP4.125% 12/01/20270.2%
Taseko Mines Ltd8.250% 05/01/20300.2%
Carriage Purchaser Inc7.875% 10/15/20290.2%
Cushman & Wakefield US Borrower LLC8.875% 09/01/20310.2%
GFL Environmental Inc6.750% 01/15/20310.2%
Eldorado Gold Corp6.250% 09/01/20290.2%
TransDigm Inc4.625% 01/15/20290.2%
DT Midstream Inc4.125% 06/15/20290.2%
Precision Drilling Corp6.875% 01/15/20290.2%
CSC Holdings LLC11.750% 01/31/20290.2%
Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.2%
Smyrna Ready Mix Concrete LLC8.875% 11/15/20310.2%
JB Poindexter & Co Inc8.750% 12/15/20310.2%
Sotheby's7.375% 10/15/20270.2%
CNX Resources Corp7.375% 01/15/20310.2%
Herens Midco Sarl5.250% 05/15/20290.2%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.2%
PARKWAY GENERATION LLC10.264% 02/18/20290.2%
Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.2%
Lumen Technologies Inc7.814% 04/15/20290.2%
Jacobs Entertainment Inc6.750% 02/15/20290.2%
Block Inc6.500% 05/15/20320.2%
ACBL HLDG CORP0.000% -0.2%
Ascent Resources Utica Holdings LLC / ARU Finance Corp5.875% 06/30/20290.2%
EPIC Y-Grade Services LP11.068% 06/29/20290.2%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.750% 04/20/20290.2%
Landsea Homes Corp8.875% 04/01/20290.2%
Jefferson Capital Holdings LLC6.000% 08/15/20260.2%
StoneX Group Inc7.875% 03/01/20310.2%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.2%
California Resources Corp8.250% 06/15/20290.2%
Navient Corp9.375% 07/25/20300.2%
VistaJet Malta Finance PLC / Vista Management Holding Inc7.875% 05/01/20270.2%
ION Trading Technologies Sarl5.750% 05/15/20280.2%
Vistra Corp7.000% 06/15/21730.2%
Cloud Software Group Inc8.250% 06/30/20320.2%
LSF11 A5 HoldCo LLC6.625% 10/15/20290.2%
Aretec Group Inc10.000% 08/15/20300.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
Civitas Resources Inc8.625% 11/01/20300.2%
Red Planet Borrower LLC8.944% 10/02/20280.2%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.2%
Gatwick Airport Finance PLC4.375% 04/07/20260.2%
Vital Energy Inc7.875% 04/15/20320.2%
Belo Corp7.250% 09/15/20270.2%
Sitio Royalties Operating Partnership LP / Sitio Finance Corp7.875% 11/01/20280.2%
Compass Power Generation LLC9.708% 04/14/20290.2%
Mercer International Inc5.125% 02/01/20290.2%
M/I Homes Inc4.950% 02/01/20280.2%
STL Holding Co LLC8.750% 02/15/20290.2%
Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC8.125% 02/15/20320.2%
AmeriTex HoldCo Intermediate LLC10.250% 10/15/20280.2%
Borr IHC Ltd / Borr Finance LLC10.375% 11/15/20300.2%
Kernel Holding SA6.500% 10/17/20240.2%
Texas Capital Bank NA5.250% 01/31/20260.2%
Mersin Uluslararasi Liman Isletmeciligi AS8.250% 11/15/20280.2%
CTEC II GmbH5.250% 02/15/20300.2%
Genesis Energy LP / Genesis Energy Finance Corp8.875% 04/15/20300.2%
Olympus Water US Holding Corp9.750% 11/15/20280.2%
Tenneco Inc8.000% 11/17/20280.2%
Cinemark USA Inc7.000% 08/01/20320.2%
PLT VII Finance Sarl6.000% 06/15/20310.2%
Harvest Midstream I LP7.500% 05/15/20320.2%
PG Polaris BidCo Sarl8.835% 03/26/20310.2%
Resideo Funding Inc6.500% 07/15/20320.2%
Viasat Inc7.500% 05/30/20310.2%
NatWest Group PLC4.500% 03/31/21730.2%
Clydesdale Acquisition Holdings Inc8.750% 04/15/20300.2%
Lloyds Banking Group PLC8.500% 03/27/21730.2%
Dermatology Intermediate Holdings III Inc10.752% 03/30/20290.2%
Popular Inc7.250% 03/13/20280.2%
LSB Industries Inc6.250% 10/15/20280.2%
Vermilion Energy Inc6.875% 05/01/20300.2%
Twilio Inc3.625% 03/15/20290.2%
Crescent Energy Finance LLC7.625% 04/01/20320.2%
YPF Energia Electrica SA10.000% 07/25/20260.2%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.2%
Aston Martin Capital Holdings Ltd10.000% 03/31/20290.2%
Hunter Douglas Inc8.836% 02/26/20290.2%
Elastic NV4.125% 07/15/20290.2%
888 Acquisitions Ltd10.750% 05/15/20300.2%
CSC Holdings LLC4.125% 12/01/20300.2%
INEOS Finance PLC7.500% 04/15/20290.2%
Market Bidco Finco PLC5.500% 11/04/20270.2%
Arko Corp5.125% 11/15/20290.2%
CSC Holdings LLC6.500% 02/01/20290.2%
Noble Finance II LLC8.000% 04/15/20300.2%
Bellis Acquisition Co PLC8.125% 05/14/20300.2%
Armor Holdco Inc8.500% 11/15/20290.2%
Resorts World Las Vegas LLC / RWLV Capital Inc4.625% 04/06/20310.2%
Civitas Resources Inc8.750% 07/01/20310.2%
Baytex Energy Corp7.375% 03/15/20320.2%
LifePoint Health Inc11.000% 10/15/20300.2%
WR Grace Holdings LLC5.625% 08/15/20290.2%
Boxer Parent Co Inc0.000% 07/02/20320.2%
CITGO Petroleum Corp8.375% 01/15/20290.2%
Standard Industries Inc/NJ3.375% 01/15/20310.2%
Sri Lanka Government International Bond5.875% 07/25/20220.2%
Hess Midstream Operations LP5.125% 06/15/20280.2%
Constellium SE5.625% 06/15/20280.2%
Valvoline Inc3.625% 06/15/20310.2%
Brandywine Operating Partnership LP8.875% 04/12/20290.2%
Comstock Resources Inc6.750% 03/01/20290.2%
Hunt Cos Inc5.250% 04/15/20290.2%
Western Alliance Bancorp3.000% 06/15/20310.2%
WaterBridge Midstream Operating LLC10.085% 06/27/20290.2%
Carpenter Technology Corp7.625% 03/15/20300.2%
Fortress Transportation and Infrastructure Investors LLC7.000% 05/01/20310.2%
US Acute Care Solutions LLC9.750% 05/15/20290.2%
TK Elevator US Newco Inc5.250% 07/15/20270.2%
Choice Hotels International Inc3.700% 12/01/20290.2%
CHS/Community Health Systems Inc4.750% 02/15/20310.2%
GN Bondco LLC9.500% 10/15/20310.2%
GGAM Finance Ltd8.000% 02/15/20270.2%
Owens & Minor Inc6.625% 04/01/20300.2%
Minerals Technologies Inc5.000% 07/01/20280.2%
Iliad Holding SASU7.000% 10/15/20280.2%
Helix Gen Funding LLC10.085% 12/31/20270.2%
Triumph Group Inc9.000% 03/15/20280.2%
PRA Group Inc8.875% 01/31/20300.1%
EnerSys6.625% 01/15/20320.1%
Advance Auto Parts Inc3.500% 03/15/20320.1%
Royal Caribbean Cruises Ltd6.000% 02/01/20330.1%
Goodyear Tire & Rubber Co/The5.000% 07/15/20290.1%
Garrett Motion Holdings Inc / Garrett LX I Sarl7.750% 05/31/20320.1%
Real Hero Merger Sub 2 Inc6.250% 02/01/20290.1%
Nordstrom Inc4.375% 04/01/20300.1%
Novelis Corp3.875% 08/15/20310.1%
MHP Lux SA6.250% 09/19/20290.1%
Borr IHC Ltd / Borr Finance LLC10.000% 11/15/20280.1%
Mineral Resources Ltd8.000% 11/01/20270.1%
LifePoint Health Inc9.875% 08/15/20300.1%
Vibrantz Technologies Inc9.000% 02/15/20300.1%
Sealed Air Corp6.500% 07/15/20320.1%
Service Logic Acquisition Inc9.591% 10/29/20270.1%
CHS/Community Health Systems Inc6.875% 04/15/20290.1%
NCL Corp Ltd8.125% 01/15/20290.1%
Lumen Technologies Inc7.814% 04/15/20300.1%
Global Auto Holdings Ltd/AAG FH UK Ltd8.375% 01/15/20290.1%
Caesars Entertainment Inc7.000% 02/15/20300.1%
Modena Buyer LLC9.832% 07/01/20310.1%
Limak Cimento Sanayi ve Ticaret AS9.750% 07/25/20290.1%
Tank Holding Corp11.194% 03/31/20280.1%
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer7.000% 02/01/20300.1%
Ahlstrom Holding 3 Oy4.875% 02/04/20280.1%
DPL Inc4.350% 04/15/20290.1%
AdaptHealth LLC5.125% 03/01/20300.1%
ATI Inc7.250% 08/15/20300.1%
GrafTech Global Enterprises Inc9.875% 12/15/20280.1%
CP Atlas Buyer Inc7.000% 12/01/20280.1%
Mohegan Tribal Gaming Authority8.000% 02/01/20260.1%
Allwyn Entertainment Financing UK PLC7.875% 04/30/20290.1%
Bread Financial Holdings Inc9.750% 03/15/20290.1%
Boise Cascade Co4.875% 07/01/20300.1%
Societe Generale SA9.375% 05/22/21730.1%
Crescent Energy Finance LLC7.375% 01/15/20330.1%
ACProducts Holdings Inc6.375% 05/15/20290.1%
Sunrise FinCo I BV4.875% 07/15/20310.1%
Baytex Energy Corp8.500% 04/30/20300.1%
Blue Racer Midstream LLC / Blue Racer Finance Corp7.000% 07/15/20290.1%
Plaskolite PPC Intermediate II LLC9.458% 12/15/20250.1%
Navient Corp5.500% 03/15/20290.1%
NUVEI TECHNOLOGIES CORP0.000% 07/18/20310.1%
PBF Holding Co LLC / PBF Finance Corp7.875% 09/15/20300.1%
Acuris Finance US Inc / Acuris Finance SARL9.000% 08/01/20290.1%
Global Medical Response Inc6.500% 10/01/20250.1%
PetSmart Inc / PetSmart Finance Corp7.750% 02/15/20290.1%
SM Energy Co7.000% 08/01/20320.1%
Rocket Software Inc6.500% 02/15/20290.1%
Arcline FM Holdings LLC10.346% 06/23/20280.1%
Algoma Steel Inc9.125% 04/15/20290.1%
GEO Group Inc/The10.250% 04/15/20310.1%
Northriver Midstream Finance LP6.750% 07/15/20320.1%
CQP Holdco LP / BIP-V Chinook Holdco LLC5.500% 06/15/20310.1%
Iceland Bondco PLC10.875% 12/15/20270.1%
Olympus Water US Holding Corp7.250% 06/15/20310.1%
Gap Inc/The3.875% 10/01/20310.1%
Seadrill Finance Ltd8.375% 08/01/20300.1%
Aretec Group Inc9.344% 08/09/20300.1%
USIC Holdings Inc12.096% 05/14/20290.1%
US 10YR NOTE (CBT)Sep240.000% 09/30/20240.1%
Genesis Energy LP / Genesis Energy Finance Corp8.250% 01/15/20290.1%
Texas Capital Bancshares Inc4.000% 05/06/20310.1%
Sprouts Farmers Market Inc0.000% -0.1%
Dream Finders Homes Inc8.250% 08/15/20280.1%
CoreCivic Inc8.250% 04/15/20290.1%
Star Holding LLC8.750% 08/01/20310.1%
LABL Inc9.500% 11/01/20280.1%
ROBLOX Corp3.875% 05/01/20300.1%
Jane Street Group / JSG Finance Inc4.500% 11/15/20290.1%
Level 3 Financing Inc4.500% 04/01/20300.1%
PennyMac Financial Services Inc7.875% 12/15/20290.1%
Frontier Communications Holdings LLC8.750% 05/15/20300.1%
Sorik Marapi Geothermal Power PT7.750% 08/05/20310.1%
Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC7.250% 02/15/20310.1%
1011778 BC ULC / New Red Finance Inc6.125% 06/15/20290.1%
Nationstar Mortgage Holdings Inc6.500% 08/01/20290.1%
Hudbay Minerals Inc6.125% 04/01/20290.1%
TEGNA Inc5.000% 09/15/20290.1%
RingCentral Inc8.500% 08/15/20300.1%
Warrior Met Coal Inc7.875% 12/01/20280.1%
VFH Parent LLC / Valor Co-Issuer Inc7.500% 06/15/20310.1%
Brand Industrial Services Inc10.375% 08/01/20300.1%
SM Energy Co6.750% 08/01/20290.1%
Methanex Corp5.250% 12/15/20290.1%
YPF SA9.500% 01/17/20310.1%
Cablevision Lightpath LLC5.625% 09/15/20280.1%
Hudbay Minerals Inc4.500% 04/01/20260.1%
Azalea Topco Inc8.844% 04/30/20310.1%
Allied Universal Holdco LLC / Allied Universal Finance Corp6.000% 06/01/20290.1%
Enstall Group BV10.596% 08/30/20280.1%
GYP Holdings III Corp4.625% 05/01/20290.1%
Buckeye Partners LP6.875% 07/01/20290.1%
Vallourec SACA7.500% 04/15/20320.1%
Sunoco LP / Sunoco Finance Corp7.000% 09/15/20280.1%
Dornoch Debt Merger Sub Inc6.625% 10/15/20290.1%
Stena International SA7.250% 01/15/20310.1%
Wyndham Hotels & Resorts Inc4.375% 08/15/20280.1%
Transocean Aquila Ltd8.000% 09/30/20280.1%
FMG Resources August 2006 Pty Ltd5.875% 04/15/20300.1%
Rocket Software Inc10.094% 11/28/20280.1%
EnLink Midstream LLC6.500% 09/01/20300.1%
National Mentor Holdings Inc9.185% 03/02/20280.1%
Full House Resorts Inc8.250% 02/15/20280.1%
Terex Corp5.000% 05/15/20290.1%
Talos Production Inc9.000% 02/01/20290.1%
Builders FirstSource Inc4.250% 02/01/20320.1%
Amynta Agency Borrower Inc9.002% 02/28/20280.1%
Bellis Finco PLC4.000% 02/16/20270.1%
Arcosa Inc4.375% 04/15/20290.1%
Roller Bearing Co of America Inc4.375% 10/15/20290.1%
Mueller Water Products Inc4.000% 06/15/20290.1%
Bombardier Inc8.750% 11/15/20300.1%
Churchill Downs Inc4.750% 01/15/20280.1%
Canpack SA / Canpack US LLC3.875% 11/15/20290.1%
Punch Finance PLC6.125% 06/30/20260.1%
Forestar Group Inc3.850% 05/15/20260.1%
Newell Brands Inc5.700% 04/01/20260.1%
Matador Resources Co6.500% 04/15/20320.1%
Entegris Inc3.625% 05/01/20290.1%
Tidewater Inc10.375% 07/03/20280.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV5.125% 04/30/20310.1%
Kosmos Energy Ltd7.500% 03/01/20280.1%
TriNet Group Inc7.125% 08/15/20310.1%
CCO Holdings LLC / CCO Holdings Capital Corp6.375% 09/01/20290.1%
Mitchell International Inc10.599% 06/17/20320.1%
Cinemark USA Inc5.250% 07/15/20280.1%
Kodiak Gas Services LLC7.250% 02/15/20290.1%
Tronox Inc4.625% 03/15/20290.1%
AI Candelaria Spain SA7.500% 12/15/20280.1%
Melco Resorts Finance Ltd5.375% 12/04/20290.1%
Vertiv Group Corp4.125% 11/15/20280.1%
BCPE Empire Holdings Inc7.625% 05/01/20270.1%
VOC Escrow Ltd5.000% 02/15/20280.1%
Nabors Industries Ltd7.500% 01/15/20280.1%
Studio City Finance Ltd5.000% 01/15/20290.1%
NCR Atleos Corp9.500% 04/01/20290.1%
APi Group DE Inc4.750% 10/15/20290.1%
ADMI Corp8.833% 12/23/20270.1%
Shea Homes LP / Shea Homes Funding Corp4.750% 02/15/20280.1%
FirstCash Inc5.625% 01/01/20300.1%
Harmony Gold Mining Co Ltd0.000% -0.1%
Royal Caribbean Cruises Ltd6.250% 03/15/20320.1%
Select Medical Holdings Corp0.000% -0.1%
Range Resources Corp4.750% 02/15/20300.1%
EquipmentShare.com Inc8.625% 05/15/20320.1%
BWX Technologies Inc4.125% 04/15/20290.1%
TK Elevator Midco GmbH4.375% 07/15/20270.1%
LCM Investments Holdings II LLC8.250% 08/01/20310.1%
Kraken Oil & Gas Partners LLC7.625% 08/15/20290.1%
Jones Deslauriers Insurance Management Inc10.500% 12/15/20300.1%
CPI CG Inc10.000% 07/15/20290.1%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp7.000% 07/15/20310.1%
US Foods Inc4.625% 06/01/20300.1%
Victoria's Secret & Co4.625% 07/15/20290.1%
Teva Pharmaceutical Finance Netherlands III BV3.150% 10/01/20260.1%
Osaic Holdings Inc9.344% 08/17/20280.1%
Teva Pharmaceutical Industries Ltd0.000% -0.1%
Birkenstock Holding Plc0.000% -0.1%
Triton Water Holdings Inc8.846% 03/31/20280.1%
Crosby US Acquisition Corp9.349% 08/16/20290.1%
PBF Holding Co LLC / PBF Finance Corp6.000% 02/15/20280.1%
Encino Acquisition Partners Holdings LLC8.750% 05/01/20310.1%
Dexko Global Inc9.346% 10/04/20280.1%
Boyne USA Inc4.750% 05/15/20290.1%
GGAM Finance Ltd8.000% 06/15/20280.1%
LBM Acquisition LLC6.250% 01/15/20290.1%
Molina Healthcare Inc3.875% 11/15/20300.1%
Clear Channel Outdoor Holdings Inc7.875% 04/01/20300.1%
Samarco Mineracao SA9.000% 06/30/20310.1%
NCR Voyix Corp5.125% 04/15/20290.1%
Post Holdings Inc4.625% 04/15/20300.1%
Ingevity Corp3.875% 11/01/20280.1%
Iris Holding Inc10.102% 06/28/20280.1%
Transocean Inc8.250% 05/15/20290.1%
Churchill Downs Inc5.750% 04/01/20300.1%
Perrigo Finance Unlimited Co4.900% 06/15/20300.1%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.1%
Dermatology Intermediate Holdings III Inc9.502% 03/30/20290.1%
Moelis & Co0.000% -0.1%
Alliance Resource Operating Partners LP / Alliance Resource Finance Corp8.625% 06/15/20290.1%
PRA Group Inc5.000% 10/01/20290.1%
Imola Merger Corp4.750% 05/15/20290.1%
Star Parent Inc9.085% 09/27/20300.1%
Allison Transmission Inc3.750% 01/30/20310.1%
Iliad Holding SASU8.500% 04/15/20310.1%
Guidewire Software Inc1.250% 03/15/20250.1%
CPM Holdings Inc9.843% 09/28/20280.1%
NCL Corp Ltd5.875% 02/15/20270.1%
Chobani LLC9.079% 10/25/20270.1%
Park River Holdings Inc8.843% 12/28/20270.1%
EQM Midstream Partners LP6.375% 04/01/20290.1%
PennyMac Financial Services Inc7.125% 11/15/20300.1%
Synaptics Inc4.000% 06/15/20290.1%
Hughes Satellite Systems Corp6.625% 08/01/20260.1%
LCM Investments Holdings II LLC4.875% 05/01/20290.1%
Griffon Corp5.750% 03/01/20280.1%
EMRLD Borrower LP / Emerald Co-Issuer Inc6.750% 07/15/20310.1%
Group 1 Automotive Inc6.375% 01/15/20300.1%
Seagate HDD Cayman8.500% 07/15/20310.1%
SeaWorld Parks & Entertainment Inc5.250% 08/15/20290.1%
Nexstar Media Inc4.750% 11/01/20280.1%
Ashton Woods USA LLC / Ashton Woods Finance Co4.625% 04/01/20300.1%
Alcoa Nederland Holding BV7.125% 03/15/20310.1%
Piedmont Operating Partnership LP6.875% 07/15/20290.1%
Axalta Coating Systems Dutch Holding B BV7.250% 02/15/20310.1%
Asurion LLC10.708% 01/20/20290.1%
EQM Midstream Partners LP4.750% 01/15/20310.1%
Bloomin' Brands Inc / OSI Restaurant Partners LLC5.125% 04/15/20290.1%
Herens US Holdco Corp9.360% 07/03/20280.1%
Vistra Operations Co LLC4.375% 05/01/20290.1%
Panther Escrow Issuer LLC7.125% 06/01/20310.1%
Ovation Parent Inc8.835% 04/21/20310.1%
JFL-Tiger Acquisition Co Inc9.829% 10/17/20300.1%
Lightstone Holdco LLC0.000% 01/29/20270.1%
Newell Brands Inc6.625% 09/15/20290.1%
Stena International SA7.625% 02/15/20310.1%
Nexus Buyer LLC0.000% 07/18/20310.1%
Asbury Automotive Group Inc5.000% 02/15/20320.1%
Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc8.000% 06/15/20290.1%
Knife River Corp7.750% 05/01/20310.1%
Medline Borrower LP3.875% 04/01/20290.1%
Gray Television Inc5.375% 11/15/20310.1%
Beacon Roofing Supply Inc4.125% 05/15/20290.1%
Masterbrand Inc7.000% 07/15/20320.1%
180 Medical Inc3.875% 10/15/20290.1%
Dycom Industries Inc4.500% 04/15/20290.1%
ERO Copper Corp6.500% 02/15/20300.1%
ASG Finance Designated Activity Co9.750% 05/15/20290.1%
Univision Communications Inc8.500% 07/31/20310.1%
Mueller Water Products Inc0.000% -0.1%
Nabors Industries Inc8.875% 08/15/20310.1%
Amsted Industries Inc4.625% 05/15/20300.1%
Newell Brands Inc6.875% 04/01/20360.1%
WASH Multifamily Acquisition Inc5.750% 04/15/20260.1%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
Adient Global Holdings Ltd8.250% 04/15/20310.1%
ZF North America Capital Inc6.875% 04/14/20280.1%
Cengage Learning Inc9.538% 03/22/20310.1%
Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance7.125% 05/15/20310.1%
SPX FLOW Inc8.750% 04/01/20300.1%
Pike Corp8.625% 01/31/20310.1%
Raising Cane's Restaurants LLC9.375% 05/01/20290.1%
Virtusa Corp7.125% 12/15/20280.1%
XPO Inc7.125% 02/01/20320.1%
Compass Minerals International Inc6.750% 12/01/20270.1%
Vornado Realty LP3.400% 06/01/20310.1%
ATS Corp4.125% 12/15/20280.1%
Ingenovis Health Inc9.708% 03/06/20280.1%
Penn Entertainment Inc4.125% 07/01/20290.1%
Wabash National Corp4.500% 10/15/20280.1%
New Gold Inc0.000% -0.1%
Trident TPI Holdings Inc12.750% 12/31/20280.1%
JetBlue Airways Corp0.500% 04/01/20260.1%
Station Casinos LLC4.625% 12/01/20310.1%
Nova Alexandre III SAS9.078% 07/15/20290.1%
MGM China Holdings Ltd7.125% 06/26/20310.1%
AMC Networks Inc4.250% 02/15/20290.1%
Badger Meter Inc0.000% -0.1%
Capstone Borrower Inc8.000% 06/15/20300.1%
Windsor Holdings III LLC8.500% 06/15/20300.1%
Commercial Metals Co4.125% 01/15/20300.1%
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer4.875% 05/15/20290.1%
Lamb Weston Holdings Inc4.125% 01/31/20300.1%
Jones Deslauriers Insurance Management Inc8.500% 03/15/20300.1%
Cougar JV Subsidiary LLC8.000% 05/15/20320.1%
Champions Financing Inc8.750% 02/15/20290.1%
Pampa Energia SA7.500% 01/24/20270.1%
Freedom Mortgage Holdings LLC9.125% 05/15/20310.1%
Viking Holdings Ltd0.000% -0.1%
Royal Caribbean Cruises Ltd4.250% 07/01/20260.1%
Sonic Automotive Inc4.875% 11/15/20310.1%
UFP Technologies Inc0.000% -0.1%
Great Lakes Dredge & Dock Corp5.250% 06/01/20290.1%
Royal Caribbean Cruises Ltd7.250% 01/15/20300.1%
HUB International Ltd7.375% 01/31/20320.1%
Nine Energy Service Inc13.000% 02/01/20280.1%
Albion Financing 2 Sarl8.750% 04/15/20270.1%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 04/15/20280.1%
Tanger Inc0.000% -0.1%
Ascensus Holdings Inc8.958% 08/02/20280.1%
Stonegate Pub Co Financing 2019 PLC8.250% 07/31/20250.1%
Cactus Inc0.000% -0.1%
Gray Television Inc10.500% 07/15/20290.1%
RHP Hotel Properties LP / RHP Finance Corp7.250% 07/15/20280.1%
Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc6.625% 01/15/20320.1%
CD+R HYDRA BUYER INC9.279% 03/25/20310.1%
Seagate HDD Cayman8.250% 12/15/20290.1%
Esab Corp6.250% 04/15/20290.1%
ON Semiconductor Corp3.875% 09/01/20280.1%
Azul Secured Finance LLP11.930% 08/28/20280.1%
Advanced Drainage Systems Inc6.375% 06/15/20300.1%
AG Issuer LLC6.250% 03/01/20280.1%
Ferrari NV0.000% -0.1%
Enviri Corp5.750% 07/31/20270.1%
Cornerstone Building Brands Inc6.125% 01/15/20290.1%
GGAM Finance Ltd6.875% 04/15/20290.1%
VistaJet Malta Finance PLC / Vista Management Holding Inc6.375% 02/01/20300.1%
Maxim Crane Works Holdings Capital LLC11.500% 09/01/20280.1%
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc4.125% 08/15/20260.1%
Oscar AcquisitionCo LLC / Oscar Finance Inc9.500% 04/15/20300.1%
Alta Equipment Group Inc9.000% 06/01/20290.1%
Madison IAQ LLC5.875% 06/30/20290.1%
ION Trading Technologies Sarl9.500% 05/30/20290.1%
Kestra Advisor Services Holdings A Inc9.344% 03/22/20310.1%
Energy Transfer LP8.000% 05/15/20540.1%
Mahle GmbH6.500% 05/02/20310.1%
Tidewater Inc0.000% -0.1%
Fair Isaac Corp4.000% 06/15/20280.1%
BCP V Modular Services Finance PLC6.750% 11/30/20290.1%
RadNet Inc0.000% -0.1%
Glaukos Corp2.750% 06/15/20270.1%
DTI Holdco Inc10.094% 04/26/20290.1%
Ardonagh Finco Ltd7.750% 02/15/20310.1%
Eco Material Technologies Inc7.875% 01/31/20270.1%
NRG Energy Inc7.000% 03/15/20330.1%
Mangrove Luxco III Sarl8.674% 07/15/20290.1%
Iceland Bondco PLC10.875% 12/15/20270.1%
UBS Group AG7.750% 04/12/21730.1%
BRC Inc0.000% -0.1%
Navient Corp4.875% 03/15/20280.1%
USA Compression Partners LP / USA Compression Finance Corp7.125% 03/15/20290.1%
ONE Hotels GmbH7.750% 04/02/20310.1%
Anastasia Parent LLC9.346% 08/11/20250.1%
Sealed Air Corp6.875% 07/15/20330.1%
Groundworks LLC8.829% 03/14/20310.1%
Gates Corp/DE6.875% 07/01/20290.1%
Sinclair Television Group Inc8.514% 04/01/20280.1%
WaterBridge NDB Operating LLC9.826% 05/10/20290.1%
Staples Inc12.750% 01/15/20300.1%
Ingles Markets Inc4.000% 06/15/20310.1%
Calderys Financing LLC11.250% 06/01/20280.1%
Watco Cos LLC / Watco Finance Corp7.125% 08/01/20320.1%
Vital Farms Inc0.000% -0.1%
Zebra Technologies Corp6.500% 06/01/20320.1%
CD&R Firefly Bidco PLC8.625% 04/30/20290.1%
NRG Energy Inc5.250% 06/15/20290.1%
US 2YR NOTE (CBT) Sep240.000% 10/03/20240.1%
Zegona Finance PLC8.625% 07/15/20290.1%
Triton Water Holdings Inc9.335% 03/31/20280.1%
Summit Materials LLC / Summit Materials Finance Corp7.250% 01/15/20310.1%
Kernel Holding SA6.750% 10/27/20270.1%
Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl8.750% 05/01/20290.1%
Eregli Demir ve Celik Fabrikalari TAS8.375% 07/23/20290.1%
Iris Holding Inc10.000% 12/15/20280.1%
Physician Partners LLC9.330% 12/26/20280.1%
Flutter Treasury Designated Activity Co6.375% 04/29/20290.1%
FXI Holdings Inc12.250% 11/15/20260.1%
LABL Inc10.500% 07/15/20270.1%
ILFC E-Capital Trust I7.159% 12/21/20650.1%
Mineral Resources Ltd8.500% 05/01/20300.1%
CHS/Community Health Systems Inc6.875% 04/01/20280.1%
New York Community Bancorp Inc8.378% 11/06/20280.1%
Matador Resources Co6.875% 04/15/20280.1%
Permian Resources Operating LLC6.250% 02/01/20330.1%
Fiber Bidco Spa6.125% 06/15/20310.1%
Iron Mountain Inc7.000% 02/15/20290.1%
Synthomer PLC7.375% 05/02/20290.1%
Wellpath Holdings Inc0.000% 10/01/20250.1%
IPD 3 BV7.086% 06/15/20310.1%
Vital Energy Inc9.750% 10/15/20300.1%
Global Auto Holdings Ltd/AAG FH UK Ltd8.750% 01/15/20320.1%
ILFC E-Capital Trust II7.409% 12/21/20650.1%
Xerox Holdings Corp8.875% 11/30/20290.1%
GIBSON BRANDS PRIVATE EQUITY0.000% -0.1%
Chart Industries Inc7.500% 01/01/20300.1%
Delta Topco Inc8.846% 11/30/20290.1%
Clear Channel Outdoor Holdings Inc9.000% 09/15/20280.1%
FOGO DE CHAO INC10.002% 09/30/20300.1%
Amber Finco PLC6.625% 07/15/20290.1%
Walgreens Boots Alliance Inc3.200% 04/15/20300.1%
Boeing Co/The6.388% 05/01/20310.1%
Williams Scotsman Inc6.625% 06/15/20290.1%
Amentum Escrow Corp7.250% 08/01/20320.1%
Lumen Technologies Inc4.125% 04/15/20290.1%
Mercer International Inc12.875% 10/01/20280.1%
Johnstone Supply LLC8.332% 06/07/20310.1%
Park River Holdings Inc6.750% 08/01/20290.1%
BANGL LLC0.000% 02/01/20290.1%
Transportadora de Gas del Sur SA8.500% 07/24/20310.1%
FXI Holdings Inc12.250% 11/15/20260.1%
Newmark Group Inc7.500% 01/12/20290.1%
Lumen Technologies Inc4.125% 04/15/20300.1%
HAMILTON PROJECTS ACQUIROR LLC9.029% 05/22/20310.1%
Vmed O2 UK Financing I PLC4.750% 07/15/20310.1%
Park River Holdings Inc5.625% 02/01/20290.1%
Atkore Inc4.250% 06/01/20310.1%
Sigma Holdco BV7.875% 05/15/20260.1%
Sunac China Holdings Ltd0.000% 09/30/20280.1%
UTEX INDUSTRIES0.000% -0.1%
Altice France SA2.125% 02/15/20250.1%
eResearchTechnology Inc9.349% 02/04/20270.1%
Concentra Escrow Issuer Corp6.875% 07/15/20320.1%
IMA Industria Macchine Automatiche SpA7.435% 04/15/20290.1%
Aston Martin Capital Holdings Ltd10.375% 03/31/20290.1%
Sani/Ikos Financial Holdings 1 Sarl7.250% 07/31/20300.1%
OneDigital Borrower LLC8.571% 06/13/20310.1%
IMA Industria Macchine Automatiche SpA7.412% 04/15/20290.1%
Assemblin Caverion Group AB6.250% 07/01/20300.0%
Coinbase Global Inc3.625% 10/01/20310.0%
Sani/Ikos Financial Holdings 1 Sarl7.250% 07/31/20300.0%
UC HOLDINGS INC.0.000% -0.0%
Altice France SA2.500% 01/15/20250.0%
Herens Holdco Sarl4.750% 05/15/20280.0%
New Frontera Holdings LLC18.596% 07/28/20260.0%
Delta Topco Inc10.596% 11/30/20290.0%
La Doria SpA8.155% 11/12/20290.0%
UBS Group AG9.250% 05/13/21730.0%
Resonetics LLC9.084% 06/18/20310.0%
UBS Group AG9.250% 05/13/21730.0%
Applied Systems Inc10.585% 02/23/20320.0%
GTCR Everest Borrower LLC0.000% 06/03/20310.0%
TUI Cruises GmbH6.250% 04/15/20290.0%
Shimao Group Holdings Ltd5.200% 01/16/20270.0%
Project Boost Purchaser LLC10.533% 07/02/20320.0%
Synthomer PLC7.375% 05/02/20290.0%
Elwood Energy LLC8.159% 07/05/20260.0%
Fiber Bidco Spa6.125% 06/15/20310.0%
WE Soda Investments Holding PLC9.500% 10/06/20280.0%
Project Boost Purchaser LLC8.786% 07/16/20310.0%
IPD 3 BV7.086% 06/15/20310.0%
New Frontera Holdings LLC7.096% 07/28/20280.0%
Level 3 Financing Inc4.875% 06/15/20290.0%
PARKWAY GENERATION LLC10.264% 02/18/20290.0%
ALBION FINANCING 3 SARL0.000% 08/17/20290.0%
Recess Holdings Inc9.752% 02/20/20300.0%
CD&R Firefly Bidco PLC8.625% 04/30/20290.0%
ACBL HLDG CORP0.000% -0.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
ESC 144A HERTZ CORP0.000% 01/15/20280.0%
CHINOS INTERMEDIATE 2 LLC0.000% -0.0%
Hughes Satellite Systems Corp5.250% 08/01/20260.0%
Lightstone Holdco LLC0.000% 01/29/20270.0%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.0%
Sinclair Television Group Inc9.194% 04/21/20290.0%
Sunac China Holdings Ltd6.750% 09/30/20280.0%
US LONG BOND(CBT) Sep240.000% 09/30/20240.0%
Sunac China Holdings Ltd7.000% 09/30/20290.0%
CHINOS INTERMEDIATE 2 LLC0.000% -0.0%
Sunac China Holdings Ltd1.000% 09/30/20320.0%
National Mentor Holdings Inc9.185% 03/02/20280.0%
Sunac China Holdings Ltd6.500% 09/30/20270.0%
CLAIRES HOLDINGS0.000% -0.0%
FRONTERA GENERATION0.000% -0.0%
Groundworks LLC0.005% 03/14/20310.0%
FGI Operating Co LLC0.000% 12/31/20250.0%
Arcline FM Holdings LLC0.000% 06/23/20280.0%
Sunac China Holdings Ltd7.250% 09/30/20300.0%
Sunac China Holdings Ltd6.000% 09/30/20260.0%
FX EUR/USD 08/240.000% 08/20/20240.0%
Sunac China Holdings Ltd6.250% 09/30/20270.0%
Shimao Group Holdings Ltd3.450% 01/11/20310.0%
Tonon Luxembourg SA6.500% 10/31/20240.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
FX GBP/USD 08/240.000% 08/30/20240.0%
FX USD/CAD 08/240.000% 08/09/20240.0%
FX USD/CAD 08/240.000% 08/09/20240.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
FX USD/CAD 08/240.000% 08/09/20240.0%
FX EUR/USD 08/240.000% 08/20/20240.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
FX USD/GBP 08/240.000% 08/30/20240.0%
FX USD/GBP 08/240.000% 08/30/20240.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
FX EUR/USD 08/240.000% 08/20/20240.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
MIRABELA NICKEL LTD.1.000% 09/16/20440.0%
Washington Mutual Bank / Debt not acquired by JPMorgan6.875% 06/15/20110.0%
PERSIMMON MIDCO LLC0.000% -0.0%
FX EUR/USD 08/240.000% 08/20/20240.0%
FX EUR/USD 08/240.000% 08/20/20240.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
FX USD/EUR 08/240.000% 08/20/20240.0%
FX CAD/USD 08/240.000% 08/09/20240.0%
FX USD/GBP 08/240.000% 08/30/20240.0%
US ULTRA BOND CBT Sep240.000% 09/30/20240.0%
FX USD/GBP 08/240.000% 08/30/20240.0%
US 5YR NOTE (CBT) Sep240.000% 10/03/20240.0%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Sector Allocationas of 08/30/2024

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Basic Industry arrowDown1.2%
Leisure arrowUp0.2%
Automotive arrowUp0.2%
Capital Goods arrowDown0.8%
Telecommunications arrowUp0.5%
Consumer Goods arrowDown1.3%
Insurance arrowDown0.2%
Retail arrowDown0.2%
Services arrowUp0.5%
Healthcare 0.0%
Real Estate arrowUp0.3%
Energy arrowUp1.3%
Media arrowUp0.7%
Transportation arrowUp0.5%
Banking arrowDown0.1%
Financial Services arrowUp1.1%
Consumer, Non-Cyclical 0.0%
Government -
Utility arrowDown0.1%
Technology & Electronics arrowDown1.2%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 09/13/2024
$0.30008
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 08/31/2024 $0.03868 $6.42
Daily Daily 07/31/2024 $0.03781 $6.36
Daily Daily 06/30/2024 $0.03790 $6.29
Daily Daily 05/31/2024 $0.03884 $6.28
Daily Daily 04/30/2024 $0.03868 $6.23
Daily Daily 03/31/2024 $0.03336 $6.33
Daily Daily 02/29/2024 $0.03858 $6.28
Daily Daily 01/31/2024 $0.03623 $6.30

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 09/30/2024
Daily Daily 10/31/2024
Daily Daily 11/30/2024
Daily Daily 12/31/2024

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 - $0.0100 $0.0100 $7.45
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 09/13/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $6.59
$100,000 to $249,999 1.75% 1.50% $6.55
$250,000 to $499,999 1.25% 1.00% $6.52
Greater than $500,000 0.00% 1.00% $6.44

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers View Full Disclosure

Expense Ratioas of 08/31/2024

Fund Gross Expense Ratio 0.92%
Fund Net Expense Ratio 0.92%
Adjusted Expense Ratio -

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

2

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

3

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The Fund invests primarily in high-yield, lower-rated securities, sometimes called junk bonds. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The ICE BofA Merrill Lynch U.S. High Yield Constrained Index is a capitalization-weighted index of all US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. The index caps individual issuer at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. The face values of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. In the event there are fewer than 50 issuers in the Index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis.

Source: ICE Data Indices, LLC. 

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

 

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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